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The Benefits of Global Product Development Services

Very large economic and political pressures for manufacturing companies (such as in the G8 countries) exist to which they must respond. The aggregated pressures and responses are making a sea-change across the industry. The pressures include high-cost labor pools, and costly raw materials (e.g. steel and petroleum). Responses also cover internal consolidation, outsourcing towards global product development, and assembly flexibility. The companies must alter their operations to fit these pressures and responses.

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The Value of Engineering Services

Engineering services cover key sections of the industries in the world, with approximately $750 billion worth of value addition each year. These services include a huge amount of design and support services vital to the performance of virtually all industries, covering the full length and breadth of engineering. Much of these services also are being outsourced, with headroom for still more outsourcing.

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